LONDON, Nov 12 (Reuters) - Royal Bank of Scotland Chairman Philip Hampton said it was regrettable the state-backed lender did not respond more rapidly to client complaints about its foreign exchange trading practices received as early as 2010.

"Two clients did express some concerns and, with hindsight, I don't think we followed them up terribly fully," Hampton told reporters on a conference call on Wednesday, after the bank was fined $634 million by U.S. and UK financial regulators.

"We didn't eliminate these things as decisively as with hindsight we should have done," he added.

The bank, 80 percent owned by the British government, said it had started disciplinary action against six people, three of whom were suspended pending further investigation.

Chief Executive Ross McEwan said the bank had suspended the vesting of bonuses to all individuals under investigation and would provide an update on the probe before the end of the year.

"To say I am angry about the misconduct described today would be an understatement," McEwan said, adding that the investigation had so far cost the bank "well into tens of millions" of pounds.

RBS was one of five banks to settle UK and U.S. allegations of misconduct in the vast foreign exchange market in a landmark global group settlement announced on Wednesday.

The Financial Conduct Authority (FCA) said RBS had failed to prevent traders from colluding and attempting to manipulate currency markets despite receiving another client complaint in Jan. 2012.

In Nov. 2011, a trader questioned whether it was inappropriate to share information with traders at other firms or with clients.

RBS set aside 400 million pounds last month to cover potential fines for manipulating currency markets and warned further charges for past misconduct would continue to hit its profits.

RBS also faces a number of other probes relating to past misdeeds which threaten to undermine its turnaround under McEwan, who has steered the bank back into profit this year after it made a loss of 8.2 billion pounds in 2013.

NOTE: Hacked or illegal versions of copyrighted Forex robots are highly prohibited on MT4talk.com. If you upload any illegal version of any copyrighted Forex robot, your forum account will be banned. No exceptions.

IMPORTANT:MT4talk.com is a public Forex forum, where forum members can upload open source Forex robots to share with other members. MT4talk.com forum does not sell or rent Forex robots, and does not provide guarantee or support for the uploaded Forex robots! If you have any question about any Forex robot, please open a forum topic! If you have a question about your forum account, contact: mt4talk@gmail.com

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS, IN GENERAL, ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

Disclaimer - No representation is being made that any Forex account will or is likely to achieve profits or losses similar to those shown on backtests in this forum. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. All information on this forum is for educational purposes only and is not intended to provide financial advice. Any statements posted by forum members about profits or income expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold the MT4talk team and forum members of this information harmless in any and all ways.